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Sechin sees no objective reasons for petrol price hikes in Russia

October 25, 2011, 18:14 UTC+3
Russian Deputy Prime Minister Igor Sechin said on Tuesday he saw no objective reasons for petrol price hikes in the country
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STAVROPOL, October 25 (Itar-Tass) — Russian Deputy Prime Minister Igor Sechin said on Tuesday he saw no objective reasons for petrol price hikes in the country.

“There should be no objective reasons for the growth of prices on the domestic market,” he said.

He noted that supplies to the domestic market are more advantageous for oil refineries than an export alternative.

However, Sechin warned that “subjective factors” may affect the prices.

“They may emerge subjectively, for instance, as a result of some difficulties,” he said adding that the deficit of jet fuel in Moscow’s air hub was caused by railway repairs and delays in fuel cisterns shipments.

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